Culture change is a vital factor for accelerating your business into the future. However, establishing a new mindset goes far beyond the adoption of new technologies: It’s more crucial, yet harder to achieve. As economist Peter Drucker once said: “culture eats strategy for breakfast” – if done right! So don’t worry, we got your back with a how to guide to business culture change. Let’s go through the key elements that drive cultural change in the era of digitalization!
Interested in a candid, behind-the-scenes look that steers clear of buzzword bingo? How about a discussion with like-minded people about the questions posed by digitalization? That’s what you’ll find at CODE_n themed events! In February, experienced leaders and entrepreneurs bounced around ideas on leadership in the digital age at “The Art of Guidance”. And the conversation continued on June 22, 2017 with “Corporate-Startup-Collaboration | Fuckups, Lessons Learned, and Cultural Differences.” The evening was all about sharing experiences, straight talk how things get screwed up, and exploring the keys to fruitful collaboration between a corporation and a startup. Taking “When worlds collide” as their motto, a couple of talks and a charged panel discussion offered expert insights into this highly topical issue. We hope you enjoy reading this event recap, complete with our impressions and a roundup of the evening’s encounters between two cultures!
Digitization, digital transformation, industry 4.0 – these buzzwords, along with their inherent opportunities, are currently on the minds of established companies from the industry. Yet how does one deal specifically with this digital transformation? What solution strategies are being implemented to propel traditional industries into the future? And at the end of the day, what has been proven to be successful? CODE_n shines a light into the darkness and talks with decision-makers from the CODE_n community. We ask about their lessons learned and actions taken off the beaten path in order to blaze new trails – Get excited about our exclusive insights into the world of corporate innovation! Today we are speaking with the CEO of CODE_n partner Hager Group, Daniel Hager. This family company is one of the leading providers of electro-technical installation solutions and has been an active partner in the CODE_n community with various innovation activities since 2013.
More and more companies are partnering with startups when dealing with the subjects of digitalization and open innovation. But what would a successful collaboration between established companies and “young guns” really look like? How can they work together to conquer new markets, drive innovation and then effectively integrate it back into the company? And last but not least: How can startups then profit from such an alliance? CODE_n takes a look behind the curtain and has spoken with various players – stay tuned for some feedback from a large corporation, a startup as well as a program that brings both of them together. As an additional highlight, we will also be following up on this exciting topic with a thematically-related event on June 22nd in CODE_n SPACES: Get excited about exclusive looks at a successful player in lessons learned, along with challenges and cultural differences of real corporate/startup collaborations!
Ever seen a good movie with a cast composed of a variation of one and the same character actors? No? Course you haven’t. To create a perfect interplay between all the personalities, you need a well-harmonized ensemble with characters who balance each other out. Creating the perfect movie cast is somehow like forming a successful innovation team. What are the key personality types you need in order to making your movie – uh, business team – work out? CODE_n puts itself into the role of a director and presents 5 key personalities you need for a groundbreaking innovation team.
Frankfurt, Hamburg, Berlin, Munich and now Stuttgart – to name just a few! The Federal Ministry of Economics Affairs and Energy recently announced the launch of twelve digital hubs in Germany as part of its Digital Hub Initiative. The aim of the program is to foster collaboration between companies and business entrepreneurs, thus allowing them to work side by side in close quarters, similar to Silicon Valley. The program will also help fuel collaboration between the German startup scene and industry hotspots. An alliance of regional players, GFT Technologies SE and CODE_n among them, formed a consortium that nominated and qualified Stuttgart as a leading digital hub in Germany. The focus: the industries of the future! The Initiative is a great opportunity to bundle the strengths of the lively local startup scenes, international world market leaders and the excellent science in Germany!
Adopting the right approach to digital transformation creates new and exciting opportunities for companies and new ways to shape their own success. But every journey has challenges, especially at established corporations. Equally, even smaller initiatives like trying to promote more digital innovation or adopting new ways of thinking within an organization seem to create obstacles for corporations. Of course, companies have already unearthed a number of potential corporate innovation methods and have learned a lot. But the journey to become a digital pioneer not only involves managing the many different aspects of digital transformation, firms also need access to global networks – experts, experienced pioneers, people who know about tech-related topics, the broader challenges (e.g., engendering an effective culture of innovation), and specific innovation formats (e.g., startup co-creation models).
CODE_n has been a key player in the innovation scene for years and is now opening up its network and experience to established corporations and SMEs. Why? To help them to boost their innovation processes themselves; to allow them to become a digital pioneer under their own steam.
The digital transformation is in full swing! If you want to keep pace, you should start looking for new talents to innovate your business. But keep in mind: digital talents are in great demand and so they can be very selective with their new employer, especially the top-tier innovators need certain incentives. We provide some tips for you on how to best attract these digital minds and win them for you in the competition for creative digital heads.